Business conglomerate Godrej Industries Ltd on Tuesday reported an 81 per cent increase in consolidated net profit at Rs 322.49 crore for the April-June quarter of 2024, on higher income.
Its net profit stood at Rs 178.06 crore in the year-ago period.
Total income increased to Rs 5,259.41 crore in the April-June period of 2024-25 fiscal, from Rs 4,893.40 crore in the corresponding period of the previous year, according to a regulatory filing.
Godrej Industries has presence in chemicals, estate management (real estate), finance & investments.
On business performance of its subsidiaries, joint ventures and associate companies, Godrej Industries said the consolidated sales of Godrej Consumer Products Ltd (GCPL) stood at Rs 3,311 crore in the first quarter of this fiscal.
Godrej Properties' total Income grew to Rs 1,638 crore in April-June period of this fiscal, from Rs 1,315 crore in the year-ago period.
Godrej Agrovet's total income declined to Rs 2,360 crore in the period under ..

Godrej Industries has presence in chemicals, estate management (real estate), finance & investments

Press Trust of India

Patel Engineering Ltd on Tuesday reported a 25.81 per cent rise in its consolidated net profit to Rs 48.17 crore in the April-June quarter of 2024.
It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing.
The company's revenue from operations declined by 1.52 per cent to Rs 1,101.66 crore in the June quarter.
It was at Rs 1,118.61 crore in the year-ago period.
Patel Engineering's Managing Director Kavita Shirvaikar said, "Our focus remains on delivering long-term value for our stakeholders while continuously enhancing operational efficiency and output."
"With this strong foundation in place, we are poised to build a brighter future for Patel Engineering Limited and creating lasting value for India's infrastructure development," she added.
The Mumbai-based engineering, procurement, and construction firm has a strong presence in tunnels and underground works for hydroelectric and dam projects.

It had posted a Rs 38.29 crore net profit from operations during the year-ago period, the company said in an exchange filing

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

Business Standard

While trade flows have been disrupted globally due to new tariff regimes announced by the US government, the impact on JNPA's cargo volumes has been limited

Gaurav Dayal, Chairperson, Jawaharlal Nehru Port Authority

It was a year marked by airline disruptions, trust battles, inheritance feuds and a Supreme Court turnaround that tested the foundations of corporate governance

Companies, SC

The NCLT has approved a resolution plan submitted by Ambuja Housing and Urban Infrastructure Company Ltd (AHUICL) to take over and complete the stalled Usshar residential project at Batanagar near Kolkata, a company statement said on Sunday.
The decision by the Kolkata bench of the National Company Law Tribunal (NCLT) marks a breakthrough in the "parcel-wise" resolution of the debt-ridden Riverbank Developers Private Ltd (RDPL), the original promoter of the 223.8-acre Calcutta Riverside township.
The Usshar project had been in a state of limbo for several years with no progress in construction, leaving hundreds of homebuyers in uncertainty.
Ambuja Neotia, which was previously associated with the project restricted to only management consultancy, has now committed to completing the remaining construction and handing over the residences to the buyers.
Under the terms of the court-approved plan, AHUICL, a subsidiary of the Ambuja Neotia Group, will acquire the 9.4-acre parcel dedicate

National Company Law Tribunal, NCLT

The Usshar project had been in a state of limbo for several years with no progress in construction, leaving hundreds of homebuyers in uncertainty

Ola Electric on Sunday said it has scaled up  deliveries of its 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) across Tamil Nadu, Kerala, Telangana, and Karnataka.
The company has commenced deliveries across Coimbatore, Kochi, and Hyderabad, along with continued ramp-up in Bengaluru, Ola Electric said in a statement.
The S1 Pro+ (5.2 kWh) is the first product powered by the company's indigenously manufactured 4680 Bharat Cell battery pack, delivering more range, higher performance and enhanced safety, it added.
"Customers are now taking deliveries of the scooters powered by our own 4680 Bharat Cell, and the rollout is picking up strong momentum. With deliveries scaling across multiple states, we are now gearing up to take the 4680 Bharat Cell powered vehicles nationwide, reaching every corner of the country," an Ola Electric spokesperson said.
With its own 4680 Bharat Cell battery packs in the vehicles, Ola Electric is now India's first company to fully own the cell and battery pack ..

Bhavish Aggarwal, Bhavish, OLA CEO

With its own 4680 Bharat Cell battery packs in the vehicles, Ola Electric is now India's first company to fully own the cell and battery pack manufacturing process in-house

The drugmaker said Bafna will step down on December 31, 2025, after citing Delhi's pollution levels in his resignation letter

Delhi Winter, New Delhi Winter, Winter, Cold, Smog, Delhi Pollution, Delhi Air Quality, Pollution

In a relief to Culver Max Entertainment (formerly known as Sony Pictures Network India), appellate Tribunal NCLAT has set aside an NCLT order rejecting the insolvency plea filed by the broadcaster against an Odisha-based fintech firm.
The NCLAT has remanded the matter back to the Cuttack bench of the National Company Law Tribunal (NCLT) to hear it afresh.
The National Company Law Appellate Tribunal (NCLAT) observed that NCLT should at least give an opportunity to Culver Max to rectify the defect in the application, and said the opportunity was not given in the present case.
Hence, the NCLT order, which was passed on April 30, 2024, suffers from illegality and needs to be set aside, said a two-member NCLAT bench comprising
Justice Yogesh Khanna (Member, Judicial) and Ajai Das Mehrotra (Member, Technical).
"In the circumstances, without expressing any opinion on the merit of the appeal, we set aside the impugned order and remand the matter to the NCLT to provide an opportunity to th

gavel

The NCLAT has remanded the matter back to the Cuttack bench of the National Company Law Tribunal (NCLT) to hear it afresh

As India prepares to procure up to 80 military transport planes, US aerospace major Lockheed Martin has pitched its C-130J Super Hercules as the best choice and said an additional fleet of the aircraft will provide it a "stronger" heft for tactical airlift among the Quad nations.
If Lockheed Martin gets the opportunity, then it will set up a mega hub in India to produce the "iconic" aircraft and it will be the first such global facility outside of the US, top officials of the company told PTI.
To date, Lockheed Martin has delivered more than 560 aircraft from the C-130J Super Hercules family, which have accumulated more than three million flight hours. The leading tactical airlift has been serving 28 operators in 23 nations.
The Indian Air Force (IAF) currently operates 12 C-130Js.
Alongside the standard transport variant, Lockheed Martin offers multiple specialised configurations of the C-130J which enable the aircraft to perform intelligence, electronic warfare, special forces ..

IAF, Lockheed Martin

If Lockheed Martin gets the opportunity, then it will set up a mega hub in India to produce the "iconic" aircraft and it will be the first such global facility outside of the US

Shailesh Haribhakti, a management expert, said that many startups that were founded during the pandemic boom were built on rapid scaling and the assumption of endless capital

startup funding, startups

Quick commerce unicorn Zepto plans to file draft IPO papers via the confidential route, aiming to become India's first pure-play qcom platform to list on the bourses

Zepto

Indian robotics startups are developing humanoid and quadruped robots using locally built software while relying on global supply chains for critical hardware, as deployments steadily rise

Robots, Humanoid, Dog

The founder of Aditya Infotech says the rollout of STQC norms has improved trust and compliance in India's surveillance market, and helped the firm scale up capacity and gain market share

Police in Georgia are using AI-powered cameras, drones and detectors to fight crime, but critics warn of privacy risks and lack of oversight.

security camera, surveillance, crime, video

Two-wheelers emerge as the fastest-growing category as ride-hailing giant deepens push beyond metros in one of its most consequential global markets, says Prabhjeet Singh

Prabhjeet Singh, President of Uber India and South Asia

Guntupalli tells how a no-frills strategy, zero-commission model, and intimate knowledge of India's diversity have enabled Rapido to become one of the country's biggest ride-hailing companies

Guntupalli

India's non-life insurance sector is set for faster growth as the Insurance Amendment Bill allows 100% FDI, boosts investor confidence and strengthens regulation, says Mathur, Universal Sompo CEO

Sharad Mathur, Universal Sompo General Insurance

Vikram Solar Chairman Gyanesh Chaudhary says consolidation is under way in renewables, with capacity expansion, upstream investments and plans to explore the us market despite sector headwinds

Gyanesh Chaudhary, Vikram Solar

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Ashwani Kumar, Managing Director and Chief Executive Officer (MD&CEO), UCO Bank

VinFast is committed to making EVs more accessible while contributing to economic growth through investment and local job creation.

Pham Sanh Chau

Two-wheeler demand likely to remain tepid until festival season, says HMSI

Yogesh Mathur, Director-Sales & Marketing, HMSI

Q1 was disrupted by plant maintenance shutdowns at Dolvi and Bhushan Power and Steel (BPSL), which had an impact on our costs both for capex and operations

JSW joint managing director and chief executive officer Jayant Acharya

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